Trump delays decision on Iran deal as US, Tehran move toward Hormuz ceasefire agreement
President Donald Trump is weighing whether to approve a tentative agreement with Iran that would reopen the Strait of Hormuz, extend the current ceasefire and launch fresh negotiations over Tehran’s nuclear program.
US officials said the draft deal would allow unrestricted navigation through the strategic waterway and gradually ease the US blockade on Iranian ports, while Iran would begin removing mines from the strait within 30 days.
Trump, however, has told advisers he wants more time before signing the agreement, insisting on stronger guarantees regarding Iran’s enriched uranium stockpile and nuclear ambitions. Vice President JD Vance confirmed that both sides are still negotiating “a couple of language points” tied to Tehran’s nuclear program.
Oil prices fell sharply on optimism surrounding the potential deal, with Brent crude dropping more than 1.5% as markets reacted to hopes of reduced tensions in the Middle East.
Meanwhile, Iran’s Revolutionary Guard said it fired warning shots at vessels near the Strait of Hormuz, underscoring the fragile nature of the ceasefire despite ongoing diplomatic efforts.
